Charles Hoskinson criticizes the media’s negative portrayal of Cardano’s prospects

Cardano founder Charles Hoskinson has rejected claims that the network suffers from weak foundations.

He criticized the media for their continued negative portrayal of the ecosystem, stating a stark contrast between the reality of Cardano’s progress and the media’s portrayal.

Cardano founder refutes gloomy media forecasts

In a sharp rebuke this week, Hoskinson accused the media of wrongly predicting the fall of the blockchain network and claimed the ecosystem is here to stay.

Hoskinson highlighted the significant advances made by Cardano over the years and outlined a major hard fork in sight, which he described as the most significant in the project’s history.

He noted the rapid growth of community DApps, Cardano’s role in scaling research and development, and the importance of upcoming events like Rare Evo, the Foundation Summit, and Token 2049.

He also highlighted the maturation of technologies such as Hydra, the development of partner chains, initiatives such as Midnight and Prism, and numerous community events, such as Catalyst and the constitutional convention in Argentina.

Despite these positive developments, Hoskinson expressed dismay at the negative headlines in the media, exemplified by speculation about the potential collapse of Cardano. While condemning these narratives as “beyond pathetic,” Hoskinson criticized the low quality and effort put into covering the Cardano ecosystem.

In his latest tweet, the IOG executive expressed his frustration by stating:

“Never in my career have I seen such a profound disconnect between reality and opinion with the cryptocurrency influencer and media perception of Cardano compared to its real fundamentals.”

He reiterated his belief in Cardano’s resilience and its potential to drive the cryptocurrency industry forward by addressing important economic, political and social issues.

Cardano Chang hard fork

The Cardano ecosystem is preparing for Chang’s next hard fork, which is scheduled for the second quarter of this year. This update represents a new era of governance for the Cardano blockchain.

The fork will introduce two significant updates: Chang Update Number One and Chang Update Number Two. The first update will deploy governance functions to the Cardano network, starting the technical bootstrapping phase described in SIP 1694, setting the stage for governance actions and decentralized voting, etc.

From there, Chang Upgrade Number Two will transition SIP 1694 from the technical startup phase, unlocking the full potential of on-chain governance, including the participation of delegated representatives and treasury withdrawals. This will allow the Cardano community to propose and fund new projects, ensuring the sustainability and continuous evolution of the ecosystem.

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